inHumana to cut 2,500 jobs

Health insurer Humana plans to cut 2,500 positions
Health insurer plans to cut 2,500 positions as it adjusts to smaller enrollment

On Wednesday February 17, 2010, 1:15 pm EST


LOUISVILLE, Ky. (AP) -- The insurer Humana said Wednesday it will cut about 2,500 positions as it adjusts to a smaller enrollment.

Its Medicare enrollment slid 24 percent last year to 3.4 million people, while its commercial enrollment fell 6 percent to roughly the same amount.

The Louisville company, however, said it will add 1,100 positions in growth areas like medical-cost containment and pharmacy management.

The net loss of 1,400 jobs amounts to 5 percent of its work force. The reductions will come mostly from attrition, outsourcing and job eliminations. ..............(more)

The complete piece is at: http://finance.yahoo.com/news/Health-insurer-Humana-plans-apf-3541463412.html?x=0&sec=topStories&pos=5&asset=&ccode=

...oh, that too.

nt

Clearly there's something wrong with Humana if they have to spend money covering medical claims.